Brainard seeks deal on maxed-out TIF
Carmel Mayor Jim Brainard might relinquish his political trump card in an effort to refinance some of the $240 million in debt that’s weighing on the city’s tax-increment finance districts.
Carmel Mayor Jim Brainard might relinquish his political trump card in an effort to refinance some of the $240 million in debt that’s weighing on the city’s tax-increment finance districts.
The spectacular flameouts of some startup firms underscores the risk of relying on infusions of federal money to keep a business viable.
Houses in communities that are easy to navigate on foot command a higher price-per-square-foot.
Employers say extended service could bring acces to job prospects in Marion County
-T2 Systems leased 17,801 square feet at 8900 Keystone Crossing. The tenant was represented by Chris Carmen of Carmen Realty Group. The landlord, Philadelphia-based BPG Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.
-Sabic Polymer Shapes LLC leased 14,400 square feet of industrial at 1350 Brookville Way. The landlord, Drilling World, was represented by Dustin Looper of Colliers International. The tenant represented itself.
-Outbound Technologies leased 8,269 square feet of industrial space at 7320 E. 86th St. The tenant was represented by Michael Semler of Cassidy Turley. The landlord, East 86th Street Partners, was represented by Drew Augustin of Alliance Commercial Real Estate.
-Yarling & Robinson leased 5,353 square feet of office space at 151 N. Delaware St. The tenant was represented by Michael Semler of Cassidy Turley. The landlord, Hertz Indianapolis One LLC, was represented by Crystal Houston of CBRE.
-McCormick Advertising Co. leased 3,092 square feet of office space at Delaware Crossing I, 10150 Lantern Road, Suite 260, Fishers. The tenant was represented by Josh McNair of RE/MAX Legends Group. The landlord, Genesis Development Group LLC, was represented by Paul Dick and Kevin Dick of Colliers International.
-Pediatric Nursing Specialists/MCH Services renewed its lease for 2,442 square feet of office space at 3500 Depauw Blvd. The landlord, Sterling American Property Inc, was represented by David Moore, Darrin Boyd and Bennett Williams of Cassidy Turley. The tenant represented itself.
-The Dodson Group Inc. leased 2,400 square feet of industrial space at 1322-1438 Sadlier Circle. East Drive. The tenant was represented by Michael Semler of Cassidy Turley. The landlord, First Industrial Realty Trust, was represented by Mary Sullivan of First Industrial Realty Trust.
-Four Quadrant Wealth Advisors Inc. leased 2,136 square feet of office space at Cornerstone Commons, 912 S. Rangeline Road, Carmel. The landlord, B&D Carmel Properties LLC, was represented by Paul Dick and Kevin Dick of Colliers International. The tenant represented itself.
-Cain Brothers & Co. LLC renewed its lease for 2,106 square feet of office space at 3500 Depauw Blvd. The landlord, Sterling American Property Inc., was represented by David Moore, Darrin Boyd and Bennett Williams of Cassidy Turley. The tenant represented itself.
-Capital Blueprints Inc. leased 1,942 square feet of office space at Delaware Crossing II, 10100 Lantern Road, Suite 125, Fishers. The landlord, Genesis Development Group LLC, was represented by Paul Dick and Kevin Dick of Colliers International. The tenant represented itself.
-HEG Network leased 1,763 square feet of office space at 10385-10439 Commerce Drive, Carmel. The landlord, Coastal Partners LLC, was represented by Bennett Williams of Cassidy Turley. The tenant represented itself.
-Carole A. Maguire & Kelly A. Ernsperger renewed a lease for 1,238 square feet of office space at 6515 E. 82nd St. The landlord, NorthStar Realty Finance Corp., was represented by David Moore and Darrin Boyd of Cassidy Turley. The tenants represented themselves.
-Automated Payroll Services LLC leased 1,161 square feet of office space at 12315 Hancock St., Carmel. The tenant was represented by Drew Pattyn of Northern Commercial. The landlord, Carriger Properties LLC, was represented by Bryan Miller of Cassidy Turley.
Restaurant roundup highlights: Daytime chain First Watch is headed downtown; Ohio favorite Matt the Miller’s Tavern is expanding to Carmel; and local owners are preparing to debut a new cigar and cocktail bar in Broad Ripple.
Reid Hospital & Health Care Services in Richmond alleges the financial adviser’s delay in selling investments cost the hospital more than $2.5 million.
FTE= full-time equivalent Affordable Pool Service P.O. Box 62, Carmel 46082 (317) 848-9699 / fax (317) 848-2312 Website: affordablepool.net Type of company: service/repair Percent of business: commercial 60, residential 40 Services: weekly service, repairs, openings, closings, pumps, heaters, filters, liners, auto covers, custom covers Head(s) of local operations: Tom Wetterer Owner(s): Tom Wetterer, Mary Wetterer […]
Arteffects Inc. — Architectural Interiors 4420 N. Meridian St., 46208 (317) 927-0000 Professional interior designers: 2 Other professionals: 1 Services: cost-effective design that enables a desired lifestyle or business operation to occur in inspiring, purposeful ways Head(s) of local operations: Wayne Olander, president and design director Owner(s): Wayne Olander Headquarters city: Indianapolis Year established locally: […]
A-1 Fertilization P.O. Box 20411, 46220 (317) 777-0552 / fax (317) 252-5277 Number of employees: full-time 1, seasonal 1 Number of licensed chemical treatment professionals: 2 Number of chemical lawn treatment vehicles: 2 Lawn services: fertilization, weed and pest control, perimeter and pest control. Other services: snow removal Head(s) of local operations: Ray Stevens Owner(s): […]
Developers are catering to nontraditional renters by building units resembling upscale condos.
-S&B Construction Group has been hired to perform a 4,000-square-foot renovation for Northview Church, 12900 Hazel Dell Parkway, Carmel.
-Alt Construction has completed a 3,500-square-foot office build-out for Rushing Financial at 8888 Keystone Crossing.
-Alt Construction is building out a 4,000-square-foot medical space for Health Systems International at 5975 Castlecreek Parkway.
-Alt construction has completed a 1,000-square-foot retail build-out for the Flying Cupcake at Rivers Edge, 4026 E. 82nd St.
Indianapolis-based Prosolia Inc. has licensed technology from the estate of John B. Fenn, a chemistry professor who won the 2002 Nobel Prize for developing new mass spectrometry. Prosolia makes instruments that can identify chemicals on paper, skin, fluids and other surfaces. The eight-person firm hopes the technology allows it to launch new products next year to broaden its portfolio. Prosolia CEO Justin Wiseman said the Fenn technology “opens up less-penetrated markets in environmental, security, medical and food chemistry. We foresee several new product innovations from the Fenn technology, which we plan to commercialize in the near future."
Carmel-based CNO Financial Group Inc. has agreed to repay five customers more than $1 million that a former independent insurance agent stole from them, according to a report by A.M. Best Co. Jasmine Jamrus-Kassim sold annuities for Chicago-based Bankers Life and Casualty Co., a subsidiary of CNO Financial. She was arrested in March 2011 after an investigation by Washington state insurance regulators and has now been sentenced to six years in prison. The victims, age 74 to 90, thought the money was being reinvested but Kassim instead spent it to pay for online psychics, clothes, jewelry and a trip to Mexico, according to records from the Washington investigation.
Endocyte Inc. will submit its ovarian cancer drug EC145 for European market approval in the third quarter after the European Commission granted it "orphan drug" status. The submission means West Lafayette-based Endocyte could have its first commercial product as early as 2013. European regulators granted EC145 orphan status because large numbers of women have ovarian cancers that do not respond to typical chemotherapy treatments. And no new drug has been approved to treat ovarian cancer in 10 years. The European Commission also granted orphan status to an imaging agent Endocyte has developed, called EC20, which lights up ovarian tumors in women that have a genetic variation that makes them bond hungrily to folate. That’s important because EC145 is a combination of a powerful chemotherapy agent and folate, so that it enters cancerous cells but does not enter healthy cells. That allows EC145 to be more deadly to cancer, without serious side effects, than patients can tolerate with traditional chemotherapy agents.
A four-physician OB/GYN practice has merged with Indiana University Health Ball Memorial after a long-standing partnership. The Voss Center for Women of Muncie joined the IU Health system March 1. In addition to its four doctors, the practice includes four nurse practitioners. Hospitals are increasingly employing physicians, as financial pressures increase on independent practices and as reimbursement from public and private health plans encourages doctors and hospitals to work more closely to improve patient health.
The homeowners association for the 70-unit Hudson wants the building’s developer, Kosene & Kosene, to pay to repair damage it alleges was caused by faulty construction.
PGA officials might have been surprised by how quickly 2,600 people lined up to help put on a Tour event at Crooked Stick. Locals were not.
Pushed by advertiser demand, a local company this month is launching a weekly newspaper in Zionsville. Current Publishing now will have started five newspapers in five years despite a difficult environment for newspapers.